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Salem 01970 Salem Neck
135 Fort Ave
Photo of 135 Fort Ave
Sold on Oct 31, 2025

40

Map

Photo of 135 Fort Ave
Photo of 135 Fort Ave
$649,800
● House - Off Market

135 Fort Ave

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,545 Ft²
$3,799
Est. Monthly
7.10%
Cap Rate

About This Property

Happiness is living by the ocean!  Enjoy all  this Salem Willows home has to offer you including  4 bedrooms 1.5 baths with fenced in yard, heated inground Gunite pool and area for vegetable garden. Home has been lovingly maintained by same owner for over 70 years.  2nd floor bedroom has a front sitting room that could be used for an office looking out at the ocean. Newer windows including two beautiful bay windows, easy care vinyl siding, central air for those hot days. Enjoy Summer activities offered by the Juniper Community Center. Join Salem Willows Yacht Club.  Salem Ferry is  nearby for car free trips to Boston. The city has a wide variety of restaurants & a myriad of social activites.
Unit Size
1,545 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$421
Property Type
House
Property Taxes
$608
HOA Dues
-
Year Built
1948

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 12 months ago (MLSPIN #73424103)

Price History

Date / Event Date Event Price
Oct 31, 2025 Sold
Premium
Sold
Sep 30, 2025 In contract -
In contract
Sep 24, 2025 Price Decreased $649,800
↓ $25K (3.7%)
Price Decreased
Sep 2, 2025 Listed by RE/MAX Beacon $674,800
Listed by RE/MAX Beacon

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 842
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 4,251
  • Total Building Area: 1,532
  • Gross Building Area: 2,473
  • Building Area: 1,532
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,532
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000098
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204400

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:44 L:0008
  • Lot: 8
  • Municipality: SALEM
  • Latitude: 42.5329
  • Longitude: -70.8717

    Address

  • Full Address: 135 Fort Ave
  • Address - House Number: 135
  • Address - Street Name: Fort
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C012
  • 4-Digit Zip Code: 5744
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $713,600

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 704,492
  • High Value: 815,769
  • Low Value: 593,214

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $614,100
  • Assessed Land Value: $229,300
  • Assessed Improvements Value: $384,800
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Salem Neck

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1477 ft²

Average Home Age

150.1 years

Currently For Sale

14 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 12 months ago
Data Source: MLS PIN, MLS# 73424103

Frequently Asked Questions

When was property at 135 Ft Avenue built and last sold?
The property at 135 Ft Avenue was built in 1948 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 135 Ft Avenue is $0.
What are some comparable homes to 135 Ft Avenue?
There are currently no comparable homes to 135 Ft Avenue.
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